If the present trend of large monthly silver imports continues, Indian may be setting up for a record year in 2013. According to industry sources, Indian has already imported 2,400 tonnes of silver in the first 5 months of 2013 compared to 1,900 tonnes for the entire year in 2012….
Thanks to the wonderfully functioning rational markets that we have today, at current silver prices virtually all of the primary miners are now below net income break-even. I say this with a great deal of sarcasm because in fact there is nothing rational about the markets today. It becomes increasingly…
As the paper price of gold falls even lower due to market manipulation, gold continues to bleed from the COMEX Warehouse stocks. Today, another 156,310 ounces were removed from the Customer inventories. What is even more interesting is how much gold has been removed from the COMEX since the beginning…
As the Indian Government exercises additional steps to curtail gold imports into the country, China plans to take up the slack by becoming the largest gold consumer in the world in 2013. Already, Indian gold imports are starting to decline. According to the Bloomberg article, Gold Imports by India Seen…
(Alhambra Partners): Thus the recent gold price crash was met largely with glee and gloating among the professional economist cohort as evidence of central bank success in not only initiating “normal” financial conditions but refutation of monetary critics. For this view, gold prices in 2013 represent the same as gold…
(GoldSilver.com): A great example of this type of journalism occurred in the silver market recently. An anonymous YouTuber going by the name of ‘Drutter’ discovered a large divergence between the market price for silver, and the physical demand for Silver Eagles as reported by the US Mint. ‘Drutter’ posted a…